OMB has revised its guidance to agencies on reporting of data integrity risks, primarily to comply with requirements of the Digital Accountability and Transparency Act, or DATA Act, for public reporting of spending, and with the recently issued President’s Management Agenda’s requirement to reduce reporting burdens on agencies while still maintaining transparency.
Memo M-18-16 notes that “agencies are subject to many legislative and regulatory requirements that promote and support effective internal controls,” including its own Circular A-123. That circular and its Appendix A requires agencies to provide an annual “assurance statement” on the overall adequacy and effectiveness of their internal controls related to operations, reporting, and compliance.
“Prior to…
